CAVA Group Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 31.3% year-over-year to $365.4M, with same-restaurant sales up 9% and 17 net new openings. Adjusted EBITDA rose 30% to $54.7M, and guidance for 2026 is reiterated despite food safety concerns, with strong liquidity and continued investment in growth.
-
The meeting highlighted strong financial growth in 2025, with revenue surpassing $1 billion and significant expansion in restaurant count. All proposals, including director elections, executive compensation, and auditor ratification, were approved by large majorities.
-
Strong Q1 results featured double-digit revenue and traffic growth, record AUVs, and expanding margins. Strategic investments in technology, data, and leadership are fueling national expansion, with a focus on operational excellence, personalized marketing, and a new catering channel.
-
Q1 2026 saw 32.2% revenue growth, 9.7% same-restaurant sales, and strong new unit performance. Guidance was raised for full-year sales and openings, with margin headwinds from salmon and energy costs factored in. Liquidity remains robust, and digital and loyalty engagement continue to grow.
Fiscal Year 2025
-
Achieved record revenue growth and strong new restaurant performance in 2025, with robust liquidity and a positive outlook for 2026. Guidance anticipates 74–76 new openings, 3–5% same-restaurant sales growth, and continued margin investments amid macro uncertainty.
-
Q3 2025 saw 20% revenue growth, 17 new restaurants, and strong market share gains despite macro headwinds. Adjusted EBITDA rose 19.6% to $40M, with a 24.6% profit margin. 2025 guidance includes 68-70 new units and 3%-4% same restaurant sales growth.
-
Revenue grew 20.3% year-over-year to $278.2M, with Same Restaurant Sales up 2.1% and 16 net new restaurants opened. Adjusted EBITDA rose 22.6% to $42.1M, and net income reached $18.4M. Guidance remains strong, with robust new restaurant performance and continued innovation driving confidence.
-
Revenue grew 28.2% year-over-year to $328.5 million, with same restaurant sales up 10.8% and net income rising 83.7%. Guidance for 2025 includes 64-68 new restaurants, 6%-8% same restaurant sales growth, and strong margins, supported by robust brand momentum and operational innovation.
Fiscal Year 2024
-
Delivered strong 2024 growth with 36.8% Q4 revenue increase, 21.2% same-restaurant sales growth, and 58 net new openings. 2025 guidance includes 62-66 new restaurants, 6%-8% same-restaurant sales growth, and $150-$157M Adjusted EBITDA.
-
Significant progress was made with new production facilities, menu innovation, and a revamped loyalty program, driving strong brand awareness and store performance. Store growth of 17%+ is targeted for 2025, with continued investment in technology, team, and guest experience. Restaurant-level margins are expected to remain stable as the company balances growth and operational enhancements.
-
Q3 2024 saw 39% revenue growth, 18.1% same restaurant sales growth, and 163% higher net income year-over-year. Expansion continues with strong new unit performance, a robust cash position, and raised guidance for 2024 and 2025, driven by innovation and operational execution.
-
Q2 2024 saw 35% revenue growth, 14.4% same-restaurant sales growth, and net income surpassing all of 2023, driven by strong traffic, new menu innovation, and expansion. Guidance for 2024 remains robust despite macro uncertainty, with continued investment in growth and technology.